everyone has been asking me if ive had experience with the things listed above. i've got no clue what they're talking about! i was an accounts payable clerk for 3 years. help!
2006-06-27 11:56:17 · 1 answers · asked by me 2 in Business & Finance ➔ Other - Business & Finance
Matching = matching two or more documents that provide support for a transaction. For example, it could be a process of matching a purchase order, receiving report and vendor invoice prior to payment.
Batching = aggregating several sets of transaction documents together (that have already been matched), usually for input into, for example, the A/P system. It refers to processing transactions through the system in batches rather than transaction by transaction. Usually, it involves deriving 'batch totals' so that there is a balancing figure that can be used to verify that all transactions have been entered, and entered accurately.
Coding = refers to the assignment of numbers to the transaction. Usually general ledger account numbers, but it could be customer number, vendor number and so on.
2006-06-27 12:17:05 · answer #1 · answered by just_the_facts_ma'am 6 · 3⤊ 0⤋